Ensuring you know the latest SBI FD Interest Rates 2026 helps you choose the right tenure and scheme for maximum returns. With flexible options, special senior citizen benefits, and schemes like Amrit Vrishti, SBI offers secure investment choices for all. You must compare rates, assess your goals, and invest smartly for steady, guaranteed income.
SBI FD Interest Rates 2026
SBI FD interest rates 2026 define the returns offered by the State Bank of India (SBI) on fixed deposits, catering to both short-term and long-term investments for general public as well as senior citizens. SBI Bank FD interest rates vary based on tenure, deposit amount, and the depositor, providing flexible options for every type of investor.
Highlights of SBI FD Interest Rates 2026
SBI FD interest rates are the annual returns offered by the State Bank of India on fixed deposits, ranging from short-term (7 days) to long-term (10 years), with preferential rates for senior citizens and special deposit schemes.
| Feature | Details |
| Tenure | 7 days to 10 years |
| Interest Rate (General) | 3.05% – 6.45% p.a. |
| Interest Rate (Senior Citizens) | 3.55% – 6.95% p.a. |
| Highest Interest Rate (General) | 6.45% p.a. (Amrit Vrishti – 444 Days) |
| Highest Interest Rate (Senior Citizens) | 6.95% p.a. (Amrit Vrishti – 444 Days) |
| Special Scheme | Amrit Vrishti (444 Days): 6.45% (General), 6.95% (Senior), 7.05% (Super Senior) |
| Premature Withdrawal Penalty | 0.50% for FDs up to ₹5 lakh, 1% for above ₹5 lakh |
| Minimum Deposit Amount | ₹1,000 |
| Maximum Deposit Amount | No upper limit |
| Loan Against FD | Up to 90% of deposit value |
What are SBI FD Interest Rates 2026?
The State Bank of India (SBI) offers a range of Fixed Deposit (FD) schemes with competitive interest rates, ensuring secure and flexible investment options for both residents and Non-Resident Indians (NRIs).
SBI FD Interest Rates 2026 for Residents (Effective From 15 December 2025)
| Tenure | General Public (% p.a.)* | Senior Citizens (% p.a.)* |
| 7 days to 45 days | 3.05% | 3.55% |
| 46 days to 179 days | 4.90% | 5.40% |
| 180 days to 210 days | 5.65% | 6.15% |
| 211 days to less than 1 year | 5.90% | 6.40% |
| 1 year to less than 2 years | 6.25% | 6.75% |
| 2 years to less than 3 years | 6.40% | 6.90% |
| 3 years to less than 5 years | 6.30% | 6.80% |
| 5 years and up to 10 years | 6.05% | 7.05% (including We-Care premium) |
| 444 days (Amrit Vrishti) | 6.45% | 6.95% |
SBI NRE FD Interest Rates 2026 for NRIs (Effective From 15 December 2025):
| Tenure | Interest Rate (p.a.) |
| 1 year to less than 2 years | 6.25% |
| 444 Days (Amrit Vrishti) | 6.45% |
| 2 years to less than 3 years | 6.40% |
| 3 years to less than 5 years | 6.30% |
| 5 years to 10 years | 6.05% |
SBI NRO FD Interest Rates 2026 for NRIs (Effective From 15 December 2025):
| Tenure | Interest Rate (p.a.) |
| 7 days to 14 days | 3.05% |
| 15 days to 45 days | 3.05% |
| 46 days to 179 days | 4.90% |
| 180 days to 210 days | 5.65% |
| 211 days to less than 1 year | 5.90% |
| 1 year to less than 2 years | 6.25% |
| 444 Days (Amrit Vrishti) | 6.45% |
| 2 years to less than 3 years | 6.40% |
| 3 years to less than 5 years | 6.30% |
| 5 years to 10 years | 6.05% |
SBI FD Interest Rates 2026 for Domestic Bulk Term Deposits (Above ₹3 Crore)
Below are the indicative SBI FD interest rates for domestic bulk term deposits above ₹3 crore (Effective From 15 December 2025):
| Tenure | Interest Rate (% p.a.) – Public | Interest Rate (% p.a.) – Senior Citizens |
| 7 days to 14 days | 4.50% | 5.00% |
| 15 days to 45 days | 5.00% | 5.50% |
| 46 days to 179 days | 5.10% | 5.60% |
| 180 days to 210 days | 5.60% | 6.10% |
| 211 days to less than 1 year | 5.60% | 6.10% |
| 1 year to less than 2 years | 6.25% | 6.75% |
| 2 years to less than 3 years | 6.15% | 6.65% |
| 3 years to less than 5 years | 6.00% | 6.50% |
| 5 years and up to 10 years | 6.00% | 6.50% |
What are the Term-Wise SBI FD Interest Rates?
| Deposit Tenure | General Customers | Senior Citizens |
| Short-Term Deposits* (7 days to less than 1 year) | 3.05% – 5.90% | 3.55% – 6.40% |
| Medium-Term Deposits* (1 year to less than 5 years) | 6.25% – 6.30% | 6.75% – 6.80% |
| Long-Term Deposits* (5 years to 10 years) | 6.05% | 7.05% |
*Interest rates are effective from 15 December 2025
Special SBI FD Scheme - Amrit Vrishti (444 Days)
The SBI Amrit Vrishti Fixed Deposit Scheme is a limited-period special SBI FD plan introduced to offer higher returns for fixed depositors. This scheme is available for a specific tenure of 444 days and is ideal for those seeking short-term investment with better interest earnings.
- Scheme Tenure: 444 days
- Interest Rate for General Public: 6.45% p.a.
- Interest Rate for Senior Citizens: 6.95% p.a.
- Interest Rate for Super Senior Citizens: 7.05% p.a.
- Minimum Deposit: ₹1,000
- Premature Withdrawal: Allowed with penalty
- Effective Date: Interest rates effective from 15 December 2025
- Scheme Launch: Active from 15 July 2024
SBI Tax Saving FD Scheme
State Bank of India offers a tax saving deposit, i.e. the ‘SBI Tax Savings Scheme, 2006’, which provides tax benefits under Section 80C of the Income Tax Act, 1961.
- Minimum Deposit: ₹1,000
- Maximum Deposit: ₹1.5 lakh
- Lock-in Period (Minimum Tenure): 5 years
- Maximum Tenure: 10 years
- Interest Rate for General Public: 6.05% p.a.
- Interest Rate for Senior Citizens: 7.05% p.a.
- Effective Date: Interest rates effective from 15 December 2025
Tax on SBI FD Interest
Apart from the SBI Tax Saving FD Scheme, the interest income from all other SBI Bank FDs is taxable as per the investor’s income tax slab rates.
SBI deducts TDS based on the interest earned on the FD accounts. However, the bank deducts TDS of 10% only when the total FD interest income exceeds ₹50,000 in a year and ₹1 lakh in the case of senior citizens. You can submit Form 15G/15H to the bank requesting not to deduct TDS when the total interest income does not exceed ₹50,000 or ₹1 lakh (in case of senior citizens).
Premature Closure of SBI Fixed Deposit
The State Bank of India will charge a penalty when the fixed deposit account is closed before the minimum tenure period. The penalty for premature closure of SBI fixed deposit account is as follows:
- For deposits up to Rs.5 lakh, the penalty for premature withdrawal is 0.50%
- For deposits above Rs.5 lakh, the penalty for premature withdrawal is 1%
SBI Loan against Fixed Deposit
SBI provides the facility to avail loans against your fixed deposits, offering liquidity without breaking your FD:
- Loan Amount: Up to 90% of the FD value.
- Interest Rate: 1% above the applicable FD interest rate.
- Processing Fee: Nil.
- Loan Type: Demand Loan and Overdraft.
- Application Channels: Internet Banking, YONO App, and SBI Branches.
Note: The loan facility is available for both domestic and NRI customers.
SBI vs Other Banks' FD Rates 2026
The below table shows the comparison between SBI bank FD interest rates with the other top banks in India:
| Bank Name | Regular Customers (% p.a.) | Senior Citizens (% p.a.) |
| HDFC Bank | 2.75% - 6.45% | 3.25% - 6.95% |
| Punjab National Bank | 3.00% - 6.90% | 3.50% - 7.40% |
| Axis Bank | 3.00% - 7.20% | 3.50% - 7.70% |
| City Union Bank | 5.00% - 7.50% | 5.00% - 8.00% |
| Canara Bank | 3.00% - 6.95% | 3.50% - 7.45% |
| Bank of Baroda | 3.50% - 7.00% | 4.00% - 7.50% |
| ICICI Bank | 2.75% - 7.10% | 3.25% - 7.60% |
| HSBC Bank | 2.85% - 7.50% | 3.35% - 8.00% |
| State Bank of India | 3.05% - 6.45% | 3.55% - 6.95% |
| Indian Overseas Bank | 4.00% - 7.30% | 4.50% - 7.80% |
| IDBI Bank | 3.00% - 7.05% | 3.50% - 7.55% |
| Indian Bank | 2.80% - 6.95% | 3.30% - 7.45% |
| IDFC First Bank | 3.25% - 7.50% | 3.75% - 8.00% |
| Post Office FD | 6.90% - 7.50% | 6.90% - 7.50% |
| Kotak Bank | 2.75% - 7.20% | 3.25% - 7.70% |
Types of SBI Bank FD Schemes
| FD Scheme | Key Features | Tenure | Minimum Deposit | Maximum Deposit | Special Benefits |
| Fixed Deposit (FD) | Lump-sum deposit with periodic or cumulative interest options. | 7 days to 10 years | ₹1,000 | No limit | Additional interest for senior citizens as per applicable rates |
| SBI Patrons | Term deposit scheme for Super Senior Citizens aged 80 years and above. | 7 days to 10 years | ₹1,000 | Less than ₹3 crore | Additional interest rate of 10 bps above the applicable rates |
| SBI Green Rupee Term Deposit (SGRTD) | Lump-sum deposits mobilised for financing green initiatives. | 1111, 1777 or 2222 days | ₹1,000 | No limit | Interest rates at par with card rate |
| Annuity Deposit Scheme | One-time deposit with monthly annuity payouts comprising principal and interest | 36, 60, 84 or 120 months | Amount required to generate a minimum monthly annuity of ₹1,000 | No limit | Premature closure permitted for deposits up to ₹15 lakh (penalty applicable) |
| Multi Option Deposit Scheme (MODS) | FD linked to savings account with auto-sweep and partial withdrawal facility in multiples of ₹1,000. | 1 to 5 years | ₹15,000 | No limit | Auto-sweep and partial withdrawal facility |
| Motor Accident Claims Annuity Deposit (MACAD) | Monthly annuity payments for Motor Accident Claims Tribunal beneficiaries. | 36 to 216 months | Amount required to generate monthly annuity | No limit | Specifically designed for MACT compensation deposits |
| SBI Sarvottam (Non-Callable FD) | Higher interest rate in exchange for no premature withdrawal. | 1 or 2 years (Retail)/ 7 days to less than 3 years (Bulk) | ₹1 crore (Retail)/ ₹3 crore (Bulk) | Less than ₹3 crore (Retail)/ No limit (Bulk) | Higher interest than callable deposits |
| SBI Tax Savings Scheme, 2006 | Tax-saving FD eligible for deduction under Section 80C. | 5 to 10 years | ₹1,000 | ₹1.5 lakh per financial year | 5-year lock-in period; Section 80C benefit |
| SBI WeCare Deposit Scheme | Enhanced interest for senior citizens. | 5 to 10 years | ₹1,000 | No limit | Additional 100 bps over card rate for eligible deposits under the scheme (subject to scheme validity) |
| Special Term Deposit | Cumulative FD where interest is compounded quarterly and paid at maturity. | 6 months to 10 years | ₹1,000 | No limit | Higher effective yield through quarterly compounding |
How to Invest in SBI FD?
You can invest in SBI FD through various ways.
Internet Banking
Step 1: Log in to the SBI net banking by entering your credentials.
Step 2: Click on the ‘Deposit & Investment’ tab and select ‘Deposit’.
Step 3: Click on the ‘Fixed Deposit’ option.
Step 4: Select the type of deposit account and click ‘Proceed’.
Step 5: Choose the account from which money has to be debited to the FD account.
Step 6: Enter the FD principal value, select the term deposit option, accept the terms and conditions and click the ‘Submit’ button to open an FD.
Mobile Banking
Step 1: Download and log in to the Yono SBI app.
Step 2: Click on ‘Deposits’ and select the ‘Fixed Deposits’ option.
Step 3: Click on the ‘Open Fixed Deposits’ button.
Step 4: Enter the required details and click ‘Next’.
Step 5: Review the details, tick the terms and conditions and click ‘Confirm’.
Visiting the Bank Branch
You can also open an FD account by visiting the SBI bank branch and obtaining the FD opening form. Fill out the form and submit it to the bank to open an FD account.
Documents Required to Open SBI FD
- FD account opening form
- Identity proof (PAN card, Aadhaar card, Voter ID, Passport or Driving License)
- Address proof (PAN card, Aadhaar card, Voter ID Card, Passport or Utility bills)
- Age Proof (Birth certificate or Matriculation certificate)
- Pan card
- Bank account details (bank account number, IFSC code and branch)
- Four passport size photographs
- Any other documents as applicable
Eligibility to Open SBI FD
- Resident Individuals
- NRIs
- HUF
- Partnership Firms
- Public and Private Limited companies
- Societies
- Trusts
Final Word
Related Articles:
1. City Union Bank 2026 FD Interest Rates
2. Yes Bank 2026 FD Interest Rates
3. Allahabad Bank 2026 FD Interest Rates
4. RBL Bank 2026 FD Interest Rates
5. Corporation Bank 2026 FD Interest Rates
6. SBI FD Calculator 2026
Frequently Asked Questions
How to calculate FD interest rate in SBI?
What is the current interest rate on FD in SBI?
How much is the interest rate on 5 lakh FD in SBI?
What interest rate SBI gives on FD above 1.5 lakhs?
What is FD interest rate for senior citizen in SBI?
What is the interest of 1 lakh FD in SBI?
What is the highest interest rate on SBI FD?
Do we have premature withdrawal facility on SBI FD?
Can I get a loan facility on the SBI Tax Savings Scheme?
What happens if I have missed providing maturity instructions?
What happens if I withdraw the FD balance before completing the minimum deposit tenure?
Can more than two adults open an FD account jointly?
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